‘Tag-along’, ‘drag-along’ and other strange rights
When you first read these clauses it isn’t always clear what they are trying to achieve, and why you would include them in your Shareholders Agreement (or Constitution).
Business succession and your super fund
Sometimes people look to their super fund as a means of funding life insurance for a business buy-sell arrangement. This is possible, but there are some tricks and traps to be aware of…
Fancy giving your tenant’s creditors your security bond?
By now, everyone has heard about the Personal Property Securities Register (PPSR), which came online on 30 January 2012, (well, we hope so!). However, the implications of the new registration system are still not widely known.
Are you handing your clients to your ex-employees and key-competitors on a platter?
LinkedIn and other social media networking sites have their uses, and can be good for ‘profile’ building. But the question is – can you afford to lose control of your business contacts and spend time building value for another business, the social media site?
Can you benefit from a trust you have made a gift to?
We were asked the other day if there is anything stopping a discretionary trust making a distribution to someone who has previously made a gift to the trust. This may seem like a simple question, but it isn’t. As you will probably be aware, most (if not all)...
What is a Special Disability Trust and why would you need one?
A Special Disability Trust (SDT) is a special type of trust that allows parents and immediate family members to plan for current and future needs of a person with severe disability. The trust can pay for reasonable care, accommodation and other discretionary needs of the beneficiary during their lifetime.